#CryptoFees101

Why Did That $10 Transfer Cost $30?!

Welcome to #CryptoFees101 — your guide to understanding where your crypto really goes.

🔍 What Are Crypto Fees?

They're the costs paid to validate transactions and secure the network. But not all fees are created equal.

📊 Types of Fees You’ll Encounter:

1. Gas Fees (Ethereum, etc.) – Paid to miners or validators to process your transaction. These can spike during network congestion.

2. Trading Fees – Charged by exchanges (e.g., Binance, Coinbase) when you buy/sell crypto. Usually a % of the trade.

3. Withdrawal Fees – Charged when moving crypto off a platform to your own wallet. Varies widely.

4. Slippage – The hidden fee! It’s the difference between expected price and execution price, especially in volatile markets.

⚖️ How to Pay Less?

Use Layer 2 solutions (like Arbitrum or Polygon)

Choose low-fee networks (like Solana, Avalanche)

Time your trades during off-peak hours

Compare exchange rates & withdrawal fees before moving funds

🎯 Pro Tip: That “zero fee” offer? Often made up elsewhere (spreads, withdrawal limits, etc.) — always read the fine print.

💬 Got burned by a ridiculous fee? Or found a trick to save more? Drop your experience below. Let’s demystify crypto costs together. 👇